The 10-second takeaway
For the quarter ended March 31 (Q1), Pacer International missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted to a loss.
Margins shrank across the board.
Pacer International notched revenue of $345.9 million. The seven analysts polled by S&P Capital IQ predicted revenue of $351.4 million on the same basis. GAAP reported sales were 3.5% lower than the prior-year quarter's $358.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.01. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS were -$0.01 for Q1 compared to $0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 10.9%, 80 basis points worse than the prior-year quarter. Operating margin was 0.0%, 120 basis points worse than the prior-year quarter. Net margin was -0.1%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $380.5 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.51 billion. The average EPS estimate is $0.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 303 members out of 328 rating the stock outperform, and 25 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 give Pacer International a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pacer International is hold, with an average price target of $7.70.
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